Visteon (NASDAQ:VC) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Visteon (NASDAQ:VC) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

VC has been the subject of several other reports. Morgan Stanley lifted their target price on Visteon from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Wolfe Research raised Visteon from a “peer perform” rating to an “outperform” rating and set a $123.00 target price for the company in a research report on Wednesday, July 2nd. Cfra Research downgraded Visteon from a “strong-buy” rating to a “moderate buy” rating in a research report on Thursday, July 24th. Royal Bank Of Canada lifted their target price on Visteon from $136.00 to $138.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. Finally, Robert W. Baird set a $141.00 target price on Visteon in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.85.

Visteon Stock Performance

NASDAQ VC opened at $107.16 on Thursday. The company has a market cap of $2.92 billion, a P/E ratio of 9.63, a P/E/G ratio of 2.52 and a beta of 1.22. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.89 and a quick ratio of 1.56. The stock has a 50-day moving average of $119.41 and a two-hundred day moving average of $104.35. Visteon has a 1-year low of $65.10 and a 1-year high of $129.10.

Visteon (NASDAQ:VC) last released its earnings results on Thursday, October 23rd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.08. The company had revenue of $917.00 million during the quarter, compared to the consensus estimate of $945.41 million. Visteon had a return on equity of 21.85% and a net margin of 8.22%.Visteon’s revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.26 EPS. Visteon has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Visteon will post 8.42 EPS for the current year.

Visteon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Tuesday, November 18th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, November 18th. Visteon’s dividend payout ratio is currently 9.88%.

Insiders Place Their Bets

In related news, Director Francis M. Scricco sold 4,350 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $120.53, for a total transaction of $524,305.50. Following the transaction, the director owned 2,792 shares of the company’s stock, valued at $336,519.76. This represents a 60.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Robert R. Vallance sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $120.00, for a total value of $240,000.00. Following the completion of the sale, the senior vice president directly owned 18,838 shares in the company, valued at $2,260,560. This trade represents a 9.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 10,392 shares of company stock worth $1,256,581 in the last ninety days. 2.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Visteon

Several large investors have recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its holdings in Visteon by 8.6% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 7,252 shares of the company’s stock valued at $869,000 after purchasing an additional 575 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in shares of Visteon in the third quarter valued at $30,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Visteon in the third quarter valued at $280,000. Strs Ohio lifted its position in shares of Visteon by 2,933.3% in the third quarter. Strs Ohio now owns 9,100 shares of the company’s stock valued at $1,091,000 after acquiring an additional 8,800 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Visteon in the third quarter valued at $7,428,000. Institutional investors and hedge funds own 99.71% of the company’s stock.

Visteon Company Profile

Visteon Corporation, an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, including analog gauge clusters for 2-D and 3-D display-based devices; information displays that integrate a range of user interface technologies and graphics management capabilities, such as active privacy, TrueColor enhancement, local dimming, cameras, optics, haptic feedback, and light effects; and infotainment and connected car solutions, including scalable Android infotainment for seamless connectivity, as well as onboard artificial intelligence-based voice assistants with natural language understanding.